Archive for November 28th, 2011

November 28th, 2011

Are You Reporting Your Online Purchase Taxes on Cyber Monday?

by Christopher O'Brien

By Ed Jacovino
Manchester Journal- Inquirer

The state has abandoned its effort to force online retailer Amazon to collect sales tax on purchases, despite a new state law aimed at doing just that.

“We are not that interested in looking at Amazon,” Kevin B. Sullivan, commissioner of the tax-collecting Department of Revenue Services, said this week. “I think that would be counterproductive at this point.”

But Connecticut consumers again will be asked to report their tax-free purchases in their yearly tax filings — state law says they’re supposed to, but few do. And tax auditors will be sharpening their pencils in an effort to catch those who try to skirt the tax, Sullivan said.

Continue Reading at the Journal- Inquirer…